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Submarine Cable System Market is estimated to reach US$ 14,719.3 Mn by 2027 | Key Profiling Alcatel (Nokia Networks), NEC, Hengtong Group, Mitsubishi Electric Company, Prysmian Group, Fujitsu

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Submarine Cable System Market is estimated to reach US$ 14,719.3 Mn by 2027 | Key Profiling Alcatel (Nokia Networks), NEC, Hengtong Group, Mitsubishi Electric Company, Prysmian Group, Fujitsu

June 07
06:10 2019
Submarine cable systems market in Asia Pacific is estimated to grow from US$ 5.6 Bn in 2017 to reach US$ 14.7 Bn by the end of 2027. This represents a CAGR of 9.8% during the forecast period from 2018 – 2027.

The focus on the development of submarine cable systems has grown from strength to strength in the last decade. There have been few notable factors that have resulted in significant growth of submarine cable systems market in recent times. The international bandwidth has grown at an average of close to 40% year on year from 2012 to 2016, which has boosted the penetration of various international players in the Asia Pacific region which has reflected the growth of submarine cable systems market. The internet, as well as the voice operators, have witnessed impressive growth in the traffic. Also, various content, as well as cloud service providers, have had a remarkable impact on data traffic growth. Amazon, Google, Apple, Facebook, and Microsoft are the significant contributors to this increased data traffics. These content and the cloud service providers use the international submarine cable infrastructures for distributing their contents through the servers located in the data centers, closer to the end-user, thereby enhancing their internet experience. Interconnecting these data centers require the usage of submarine cable systems. The increase in the usage of underwater cables by these content and cloud service providers have allowed the submarine cable systems market to propel year on year in the Asia Pacific region. In addition, the establishment of well-established players as well as emerging players in the region offering submarine cable systems is facilitating the submarine cable systems market to witness upswing in the recent scenarios.

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The key players influencing the market are:

Huawei Marine Networks, Subcom,  NEC Corporation, Fujitsu Limited, Nokia Corporation, Hengtong Group, Sumitomo Electric Industries,  Nexans SA, Prysmian Group, Mitsubishi Electric Company. 

Asia Pacific region comprises of majority of developing economies and also a huge underserved population for internet services. This presents fortunate opportunities for leading social media players and internet based service providers to reap benefits of the untapped market. With proliferation of cheap smart phone and tablets and increasing penetration of computing devices in business and households, the region presents highest growing user base seeking internet based services. Thus, strong growth of internet connected users coupled with good economic growth in the region are the factors luring the enterprise and cloud service providers to establish servers in proximity to the users enabling them to access data with reduced latency and reaction time. This directly translates to the growth in the submarine cable systems market in the region that bring about the connection between the terrestrial fibers cables with the international broadband networks. The Asia pacific region is said to constitute one of the most expansive undersea cable networks that has played a crucial role in the transformation of this region. Further, with the multi- folds rise in demands of increased trans- pacific bandwidth by 2020, it is anticipated that investments for the submarine cable systems would reach new heights in the coming years. Asia Pacific contributes heavily to the data consumption. Higher rates of smartphone penetrations in the Asian countries especially India and China coupled with the parallel advancements in the 3G and 4G communication technologies have significantly contributed to the communications industry advancements in the region.

Asia Pacific comprises of various emerging economies where the Governments in the recent times are support various policies for enabling economic growth. Digitalization of the economy has taken center stage in majority of the countries such as India, china, Vietnam, Hong Kong, Malaysia, and Indonesia. The power of internet is being harnessed for enabling rapid economic progress in the countries. As a result, many submarine cable system deployments are being witnessed currently in the Asia Pacific region. The Malaysia, Combodia, Thailand (MCT) submarine cable system, and the NEC supported submarine cable system for connecting Chennai with Andaman & Nicobar Islands are few examples of ongoing submarine cable system deployments in APAC market.

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Government in both developed and developing economies are focusing on enhancing targets of broadband coverage and internet capabilities in both rural and urban areas, government are aggressively spending on digital infrastructure, expanding network capabilities for efficiently rolling out new technologies and connecting citizens with broadband and technology, which will also indirectly boost the growth of other industry as well. Developing economies such as India and China are one of the prime examples of countries where governments are taking positive steps for fostering adoption of optical fiber cables as well as the underlying submarine cable systems to provide interconnection to the terrestrial networks

The APAC submarine cable systems market has been segmented on the basis of service, and application. On the basis of service, the market has been segmented into installation services, and maintenance & upgrade services. The submarine cable system finds its applications into the communication sector and also in the energy & power sector.

The report segments the Asia Pacific Submarine Cable Systems market as follows:

Asia Pacific Submarine cable systems Market – By Service

Installation

Maintenance & Upgrade 

Asia Pacific Submarine cable systems Market – By Application

Communication
Energy & Power

Asia Pacific Submarine cable systems Market – By Country

China
Australia
India
Japan
South Korea
Indonesia
Malaysia
Singapore
Hong Kong
Rest of Asia Pacific

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